MELBOURN, VICTORIA, AUSTRALIA, November 14, 2021 / — China-Born “Romance Scam” Spread Overseas: Alerts Dating App Users

Codenamed “Romance Scam,” the massive global “pig butchering strategy” in China is now spreading to Japan, the United States, Malaysia, Singapore, and Hong Kong. As reported by FTC, the faulty investment schemes cost a record-breaking $304 million financial loss in 2020., an industry leader in providing cyber-forensics services for victims of online scams, recently unveiled how offenders assume fake online identities to trick victims.

Fewer opportunities to go out amid the pandemic wave forced people to look for partners online through applications like Tinder, Bumble, OkCupid, Hinge, and Happn.

The reports highlight unidentified scammers creating fake profiles to gain the trust of the potential victims and lure…

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